The upcoming US non-farm payrolls report is crucial. Investors are eager to see how it will affect major indices like the FTSE 100, NASDAQ 100, and S&P 500. Recently, these indices have traded in tight ranges, reflecting market uncertainty.
FTSE 100 Performance Ahead of NFP Data
The FTSE 100 is currently range-bound. It hovers above its 55-day simple moving average (SMA) at 8,261. This level acts as minor support. However, it remains below the recent high of 8,336. Should it break below the 8,196 level, it may head toward the early September low of 8,153.
NASDAQ 100 Traders Await Key Data
Similarly, the NASDAQ 100 has shown notable movements. It has retraced from a high of 20,316. Presently, it is testing a support level at 19,611. If this level fails, traders may look toward the 55-day SMA at 19,296.
S&P 500: Support and Resistance Levels
The S&P 500 has also been fluctuating. Currently, it stands at 5,669, which serves as support. Notably, the upcoming NFP report will be pivotal. If the report is strong, it may lead to further gains, pushing toward the 5,721 resistance level.
Future Market Predictions
In conclusion, the US non-farm payrolls report will significantly influence market dynamics. Investors should prepare for potential volatility. Strong data could bolster market confidence, while weak numbers might trigger declines.
For more insights on financial markets, check out Fixio Markets and read more articles at Fixio Blogs. For reliable updates on employment data, visit the U.S. Bureau of Labor Statistics.
